China to try possible reforms and play a more active role in promoting multilateralism and rebalancing with the rest of the world.

Ryans, part of the Belgian economic mission led by Belgian princess Astrid, made the above statement during a visit to China last week. The delegation of 632 participants, including 465 business representatives, is said to be the largest delegation in Belgian history.

Princess Astrid also had his point. Princess Astrid said that although international uncertainty was increasing, it also meant new opportunities, and Belgium wanted to consolidate relations with China.

China and Belgium

Belgium is now China’s sixth largest trading partner in the European Union. By the end of last year, bilateral trade volume had reached 26 billion U.S. dollars, and Belgian companies had invested 2 billion U.S. dollars in China’s chemical, pharmaceutical and electronic equipment.

“As our economic relationship with China grows closer, we are not only looking for more opportunities in large coastal cities such as Beijing and Shanghai, but also inland regions for more opportunities,” Raines said. The next few years.

China is witnessing a new consumption norm. This trend is characterized by residents of smaller cities, which are increasingly focusing on imported goods and growing demand for consumption.

A report by Morgan Stanley shows that China’s second-tier cities are becoming “bigger, richer, and more eager to consume”, and by 2030, such consumption could triple to $ 6.9 trillion .

“As Chinese middle-income consumers increase, these cities will have more business opportunities, especially for Belgian SMEs,” he said.